Bitcoin Forum

Blast from the past  :P

And next peak is $7000, then correction to $5000 which becomes the new $820 :)

Getting a bit cheeky, huh? :D

I agree that ~800 (bitstamp) is a focal price point. But I also see us in a similar spot as 6 days ago. When we finally broke upwards on Jan 10, it was about as weak as it could get. Now we're back at the 800 level, and to me at least it looks slightly more likely that it's going to resolve downwards this time. That's not a firm conviction though, just based on two trends I keep an eye on that we're touching now and didn't touch 6 days ago, and based on the total exhaustion of volume.

Sounds a bit like projection of wish fulfilment to me.

I kind of agree that we will be hovering around the $800/coin area for a little while.   I think it will range from like $775-$850 for some time, unless some major news comes out that makes people jump in either direction. 

The cost of mining has gone down and people are still paying off their Christmas credit card bills so January is likely to be a little slow.  Once people start getting their tax returns in the US, we're likely to see another March/April run.

The OP thinks of September 2013, I think of late April 2013.

You seem pretty confident.
:P

November's drama aside, hasn't the norm for Bitcoin been a gradual ascent with periods of stasis?

When do people get those tax refunds or whatever you call them in US? How big those usually are for normal people? In my country they are paid in early december and range something like 300-3000€ usually.

I'm betting on an April rally  ;)

Mid- to end-Februar

Several things are suppressing the price, in my opinion.  Briefly:

1) More bad news expected from China.
2) As much as people want to shrug off mining centralization concerns, it is a problem which Bitcoin will eventually have to decisively confront.  Ghash reminded us of this.
3) Regular people are still having a hard time getting Bitcoin.  If they can't buy it with a credit card online, they are puzzled.
4) Merchant adoption is great, but it is simply encouraging holders to liquidate.  Currency outflow > inflow implies a price drop.  The inflow isn't as high as it should be due to 3).  I'm guessing holders are slow to replenish their coin because, let's face it, it is difficult to buy something at $800 you once bought at $50.  Irrational, yes, but this is reality.

Depends on the amount of taxes you paid to the federal government and state government. Tax laws here usually are very complicated and it depends on a wide variety of different factors. We usually get them around February, but the deadline is April 15 to file a return. Could be any amount, from $1 to $100000, and if you don't pay enough you might have to pay them.  

October 15 is the last extension deadline for most taxpayers.  Interesting that spikes have occurred in April and November in the past.

After Jan 31 no one will use Huobi as an excuse to stay out.

So we will have another dip then? We had that SR dip last time after 130.

If we are going to extrapolate, might as well extrapolate everything.

We have been in a CRASH since Nov (when BTC hit ~$1200) and been in a lame ass sideways motion since just like the April crash... we probably have another 3-4 months of this crap. Wake me up when we hit another ATH of $2500 or more

Nobody really knows anything. Variables infinite.

Did you retire because of your 7 grand investment in BTC?

If OP bought @ 12 and sold @ 1200
$700,000 plus whatever OP's existing retirement savings are... could be enough to live comfortably for 70 years in some low-cost-of-living expat-friendly countries.

I am tired of 820!   ;)

BTC is like a clever, beautiful woman.
You want her badly. She can destroy you.
She can take you to the moon if you can dance along her swings.

 :D

EDIT: s/take her mood/dance along her/ - because the latter form is prettier  ;D

Why can't someone install a "like" plugin on this forum. I'm a lazy bum of the ADHD generation and I want to "like" this.

She has me wrapped around her little finger!  :D

She has tied you to the bed posts and is pishing on your face whilst digging her heels into your knuts.

she is your bitch for three months, fulfilling your wildest dreams, then leaves with somebody else for many months, only to return for another three-month-long session. that's why you never get tired of her.

"Pishing"? Is that how she got my credit card details?  :) ;) ;D ROFL!!!  :D :D :D

Pretty much. I have since gone back to college and plan to start a business after. Something that would earn BTC, so I wont be fully retired for long. But I will never work for anyone besides myself again.

the government give us like $800,000 each now to keep the economy going

that's what i want, fuck you

I just realised I worked all day without checking bitstamp.

Boring times mid month post Christmas.

Quit day trading then :P.

Buy and hold, unless you think you can beat 1000% per year gains.

I've bought and held since Nov 2013.... hasn't done me enough good to retire yet

Have some fucking patience then.  3 months is a very short time frame.

I agree actually, I was thinking the same thing yesterday
No mans land for weeks then zoom

Bump :D

fu*k, I envy you that  you can still work
Usually I stare at monitor pretending to work hard, looking on charts and  forum meantime, no matter action or not